When you hear "Miami," you're probably flooded with images of sunny beaches, breezy palm trees, and sun-seeking tourists. But this stereotypical image of the magic city has shifted recently, thanks to an influx of new businesses taking Miami's startup ecosystem by storm.
Many of these startups focus on life sciences and the Blockchain, but there are plenty of other markets that have been seeing huge success and growth as of late. Sufficed to say, there's never been a better time for investors and startup owners in Miami.
Here are some of the fastest-growing startups to look out for in and around the Miami area.
Founded in 2021 and currently based in South Florida City, Yuga Labs makes NFTs and other digital collectibles for various patrons.
In March of 2022, the company went through a single seed funding round that resulted in deals with 36 different investors. These deals resulted in Yuga Labs raising $450 million and making two acquisitions.
Tiendamia, founded in 2014, is a Miami-based startup with around 100 employees.
They specialize in addressing problems with cross-border eCommerce, specifically shipping processes between the U.S., Latin America, and China, such as:
Customs
Logistics
Handling payments
The company has gone through three rounds of startup funding since its founding. Since then, Trendamia has raised $28.1 million thanks to the support of investors.
Founded in 2015, Revelo's mission is to make finding top-tier remote technical talent in the U.S. easier for overseas developers.
The company has gone through four rounds of startup funding, which has allowed them to raise $33.7 million and sign deals with eight investors.
Ugami is a smaller startup that was founded in 2021. The company has created a financial solution for a niche market by offering debit and credit cards that give users savings on gaming-related goods like:
Hardware
Software
Subscriptions
Since Ugami was founded, they've gone through a single round of startup funding that landed them deals with five investors. With the investor's help, the company has already managed to raise $4.8 million.
Influur was founded in 2021 in Miami and is currently based in Florida City. The company provides a platform for brands looking to hire social media influencers when running advertising campaigns.
Since being founded, the company has gone through two rounds of startup funding. These funding rounds have brought in an impressive 16 investors, whose deals with Influur have allowed the company to raise a modest $5.8 million.
Conclusion
This list only shows a small sampling of the startups that Miami has to offer, and given the city's economic diversity, the number of startups is well on track to keep growing for the foreseeable future.
Whether you're looking to invest in technology, education, entertainment, or healthcare, Miami's abundance of promising startups has made it one of the strongest cities in the world across all economic sectors.
Join Sugoi's mailing list if you want to stay up-to-date on the latest industry developments in Miami and beyond.